WILLEMSTAD - Insurance company ENNIA starts liability proceedings against the Iranian-American shareholder and billionaire Hushang Ansary.

The mega case is aimed at ENNIA owner Parman Group, Ansary itself, his daughter and former ENNIA directors. ENNIA wants to see back at least 700 million guilders. The insurance business is supervised by the Central Bank of Curaçao and Sint Maarten (CBCS).

Earlier ENNIA and CBCS already managed to get around 500 million guilders, which were parked at Merrill Lynch in the United States, largely available again, so that these funds are in any case again under the control of ENNIA itself. The long-term solvency deficit, partly as a result of unlawful withdrawals and unlawful conduct, must be eliminated, but this does not mean that there is a liquidity shortage. According to the Central Bank, ENNIA can meet all payment obligations.

This procedure is done for ENNIA / CBCS by Ox & Wolf Legal Partners in Curaçao, assisted by Dutch and American offices. This office previously also did the legal work in New York.